Finance

Oil prices retreated slightly from early peaks after comments from President Donald Trump indicated that military actions in the Middle East would not take place prior to next month's midterm elections. Despite the temporary relief, international benchmark Brent crude remained elevated well above $100 per barrel, and West Texas Intermediate sat near $91 per barrel due to persistent concerns regarding transit routes.

U.S. government bond yields remained near historic 24-year peaks following robust economic data, including a fifth consecutive weekly drop in jobless claims to 197,000. The underlying resilience of the labor market has sustained broader investor expectations that the Federal Reserve will implement additional interest rate hikes by the end of the year.

Bitcoin and Ethereum recorded modest stabilization, with Bitcoin holding near the $82,000 to $83,000 range following a sharp market-wide drawdown that sparked over $1.1 billion in total leveraged liquidations. While Bitcoin found dynamic support, Ether remains comparatively weak, posting minor recovery gains but remaining down significantly over a multi-day window.